NFLX trade ideas
NETFLIX This price jump will be huge and can reach $490.Netflix (NFLX) has gone a long way since we called the exact bottom back on our April analysis:
Since then, the stock has formed a well structured Bullish Megaphone pattern, which is currently rising after almost touching its bottom. The 1D MA50 is the short-term Resistance and the 1W MA100 (red trend-line) the long-term. A break above it can see NFLX's biggest swing since the recovery that has the capacity to extend as high as the 0.618 Fibonacci retracement level and make a Megaphone Higher High at $490.00.
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NFLX ShortI think this pattern playing out could be a bear flag, or ABC correction. I think the triangle and support/resistance boxes drawn are also significant. This is strictly from a TA perspective. I'm also using fib levels from a previous correction, said retracement went to the .382 level.
The fed could stop this from happening from an economic standpoint, but this is what I see, again from a strictly TA perspective.
W00f.
NFLX - Broke Rising Trend [MIDTERM]- NFLX has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate.
- NFLX has marginally broken up through resistance at 300.
- The short term momentum of the stock is strongly negative, with RSI below 30.
- This indicates increasing pessimism among investors and further decline for NFLX.
- However, particularly in big stocks, low RSI may be a sign that the stock is oversold and that there is a chance for a reaction upwards.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
Verify it first and believe later.
WavePoint ❤️
here are 4 basic stop-loss methodsStop loss is a trader's least favorite word
But it is a condition for long-term survival in the market
Most traders have a confused or wrong understanding of stop loss
There are two types of traders who lose more than 50% of their money
The first type, the traders who don't stop-loss, they simply don't recognize what is the point of stop-loss?
Stop loss may be a new mistake, but not stopping is certainly a mistake, and although most people are reluctant to take a loss of capital, given the limited time and money available, it is wise to trade a small local loss for a big picture initiative.
The second type of traders, the indiscriminate stop-loss traders, after taking specific losses because of non-stop-loss, go to the other extreme, indiscriminate stop-loss.
This can lead to an account with less and less money and then back to the same old path of not stopping and swinging between stop loss and no stop loss over and over again.
The correct stop loss is your seat belt when driving, not to ensure that you will not necessarily crash, but to ensure that you crash, the damage is reduced to a minimum, the correct stop loss in order to sustained and stable profits in the market, before entering the transaction has a complete trading strategy, and clear stop profit and stop loss position in advance, follow me, so that part of the people first learn to trade.
here are 4 basic stop-loss methods
1.Fixed point or stop loss percentage.
2.Stop loss at support or resistance positions.
3.Stop Loss at Breakout Level.
4.Trend or swing highs and lows.
NFLX 1WWhy do I expect price to move lower towards 223 USD?
Firstly, let's look at the chart.
What can you can read from the chart?
Price has moved sharply up after correction testing fib 0.382.
Price has also tested weekly PoC (very strong resistence).
Price is currently below Ichimoku Cloud (strong resistence).
What do I expect will happen based on my readings?
I believe price will move back towards local PoC around 223 USD while breaking local trend line.
Short NFLX | Potential 50% sell off _ Target price $145.51Netflix , Inc operates as a streaming entertainment service company.
The firm provides subscription service streaming movies and television episodes over the Internet and sending DVDs by mail.
It operates through the following segments: Domestic Streaming, International Streaming and Domestic DVD .
$NFLX Will Ad business save the stock? I think not ...Netflix , Inc operates as a streaming entertainment service company.
The firm provides subscription service streaming movies and television episodes over the Internet and sending DVDs by mail.
It operates through the following segments: Domestic Streaming, International Streaming and Domestic DVD .
The main reason why we pay for a subscription service is to avoid having adds in between our streams. Netflix was winning in this because, you could choose what you want to see and not be disturbed or have to pay to have no adds.
Now, they want to add ads and we now have to pay not to have ads... why would you ? While the news sounds bullish on revenue streams in the short term, they are likely to shed more subscribers due to this in long term, they were already losing subscribers due to competition.
But I could be wrong. For now, I am short the stock till next update. Target price $145.51
Netflix - SHORT (54% profit) / where to buy (NEW)In May 2022 Netflix has hit lows seen last time in September 2017.
Since then NFLX has been on a steady rise. It looks like the price is in some kind of a rising channel.
Indicators such as MACD or RSI are implying more upside in the next weeks. It looks good for bulls. Around $380 we may see a rejection as it's a huge resistance now. We expect bears to take over from there and the downtrend to resume. If the price drops 54 % from there we could see a potential higher low /double bottom which would be mega bullish and would help bulls to confirm the long-term uptrend.
-Short at the strong resistance
-exit for shorts / buy area: $177 - $170
Most likely it will take many months for a price to reach a buy area therefore patience is required .
Good luck
NETFLIX IS AT A CRITICAL POINTThis asset is sited at a critical zone (confluence of support line and ascending trendline)
I see this asset taking a bull ride to $335 zone and a possible pullback to $325 zone before taking the main bull run to $370 zone. This $370 zone happen to be FIB38.2 zone.
I will wait for favourable price action and I will ride this asset up.
Always remember to set your SL as to limit your loses.
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